RELIANCE FOUNDATION ,MUMBAI vs CIT (EXEMPTION), MUMBAI

Income Tax Appellate Tribunal, MUMBAI BENCH “D” MUMBAI

Before: SHRI AMARJIT SINGH & SHRI N.K. PRADHAN

For Appellant: Mr. Shyam Ambani, AR

For Respondent: Mr. Narendra Singh Jangpangi, CIT DR

Hearing: 18/12/2019Pronounced: 18/12/2019

ORDER PER N.K. PRADHAN, A.M. This is an appeal filed by the assessee. The relevant assessment year is 2014-15. The appeal is directed against the order u/s 263 of the Income Tax Act 1961, (the ‘Act’) passed by the Commissioner of Income Tax (Exemption), Mumbai [in short ‘CIT’].

At the start of hearing, the Ld. counsel for the assessee files an application stating that “all the details pursuant to the directions given in the order u/s 263 by the CIT were furnished before the AO and he has made the assessment u/s 143(3) r.w.s 263 without making any further addition to the income.” Thus it is stated by him that the assessee would

RELIANCE FOUNDATION ,MUMBAI vs. CIT (EXEMPTION), MUMBAI